Smithfield Foods, Inc. filed its Form 10-Q for the quarterly period ended June 28, 2026 with the U.S. Securities and Exchange Commission on August 11, 2026, disclosing income statements, balance sheet data, and cash flow results for the three and six months ended June 28, 2026.

Key Highlights

  • Q2 2026 net sales: $3,700 million for the three months ended June 28, 2026, compared to $3,786 million in the same period of 2025.
  • Q2 2026 net income attributable to Smithfield: $238 million, up from $188 million in Q2 2025.
  • Diluted EPS: $0.60 per share for the second quarter of 2026, compared to $0.48 in the prior-year quarter.
  • Six-month net income attributable to Smithfield: $484 million for the six months ended June 28, 2026, versus $412 million for the six months ended June 29, 2025.
  • Total assets: $12,014 million as of June 28, 2026, compared to $12,177 million as of December 28, 2025.
  • Dividend declared: $0.3125 per share for the three months ended June 28, 2026, up from $0.2500 per share in the comparable 2025 quarter.
  • Shares outstanding: 393,767,431 shares of common stock as of August 9, 2026, according to the filing.

Smithfield Foods Q2 2026: Revenue Declined While Net Income Rose Year Over Year

According to the filing, Smithfield Foods (NASDAQ:SFD) reported sales of $3,700 million for the three months ended June 28, 2026, a decrease from $3,786 million in the three months ended June 29, 2025. Cost of sales was $3,221 million in Q2 2026, compared to $3,288 million in Q2 2025, producing gross profit of $478 million versus $499 million in the prior-year period. Operating profit for the quarter was $290 million, up from $260 million, the company disclosed.

For the six months ended June 28, 2026, the filing reported sales of $7,500 million compared to $7,558 million in the six months ended June 29, 2025. Six-month operating profit was $623 million, versus $582 million a year earlier. Net income attributable to Smithfield for the first half of 2026 was $484 million, or $1.23 per diluted share, compared to $412 million, or $1.05 per diluted share, in the comparable 2025 period.

On the balance sheet, total current liabilities rose to $1,954 million as of June 28, 2026, from $1,741 million as of December 28, 2025, driven in part by an increase in the current portion of long-term debt and finance lease obligations to $602 million from $3 million. Long-term debt and finance lease obligations declined to $1,402 million from $2,000 million over the same period. Cash and cash equivalents stood at $1,350 million as of June 28, 2026, compared to $1,539 million at December 28, 2025. The filing reported net cash flows from operating activities of $204 million for the six months ended June 28, 2026, versus $108 million in the prior-year period. Capital expenditures were $165 million for the first half of 2026, compared to $158 million in the first half of 2025.

What Was Disclosed

Smithfield Foods filed a Form 10-Q for the quarter ended June 28, 2026, covering condensed consolidated income, comprehensive income, balance sheet, cash flow, and shareholders' equity statements, along with management discussion and other required disclosures.